Acting on behalf of a property company , FWB , have sold the Halifax Bank at 92-93 Westborough in Scarborough to a private investor. The property is let to the Halifax for a further 9 years and was sold for a price of £1.2mill reflecting a yield of 7.1%.
FWB have sold three retail investments in Whitefriargate , Hull to local investors. The pedestrianized street is home to M&S , HMV and New Look who sit alongside a number of regional and local occupiers. The buildings let to Card Factory and various local companies, are currently income producing and offer potential for further development with residential uses now reappearing in central Hull.
FWB have sold Unit 1 Commondale Road at Euroway Industrial Estate, Bradford of behalf of Bramall and Ogden Ltd. The Minster Insulation depot is situated alongside the M606 and benefits easy access and a good service yard. The investment attracted a large number of offers in what was a very competitive bidding process and a price over £1.7m was achieved.
Acting on behalf of Riseholm Properties ltd , Fawley Watson Booth have sold a prominent site comprising former garage showrooms, and workshops on 1.4 acres on Wombwell Lane in Barnsley to a locally based property company at a price in excess of the asking terms . The site is let to a variety of tenants and produces a strong income stream.
Acting on behalf of a locally based private investor FWB have acquired the freehold of the Jack Wills shop at 24 James Street in Harrogate as a prime investment on an off market deal. The attractive shop sits in a prominent trading position and is let to Jack Wills until 2025.
FWB have recently acquired 7-10 Prospect Crescent in Harrogate for a private investor. The property, let to HSBC for a further 10 years is a spectacular building in the centre of this popular tourist town and provides a secure investment for our clients.
FWB have also acquired the freehold of the Next unit in Fargate, Sheffield on behalf of a property company. The Next unit is in a prime retail position on Fargate and will benefit from the proposed new Sheffield Retail Quarter scheme.
Category: General, Shopping Centres, Valuations & Lease Advisory, Latest Deals,
On behalf of Roubaix Asset Management, Martin Foster in our Lease Advisory team has recently completed the renewal of the lease to The Works for another 5 years. The Lancaster scheme has recently been redeveloped and refurbished and saw the opening of the long awaited new Primark store in August. “The Works recognised the potential of the scheme even in the mist of the building work transforming the old market hall into the Primark store, and were eager to commit to another lease. The Centre looks well set to capitalise over the next few years.” according to Martin.
Category: Latest Deals, Valuations & Lease Advisory, Shopping Centres, General,
On behalf of Clearbell Capital Martin Foster in our Lease Advisory team has recently completed the renewal of the lease to Savers for another 5 years. The Durham scheme is currently in the midst of its transformation to The Riverwalk retail and leisure destination anchored by a 6-screen Odeon cinema. “It’s great news that existing tenants can see the potential of the transformed scheme well over a year to completion and are looking to renew now” according to Martin.
FWB have represented CCLA investment Management (on behalf of the LAMIT Fund) in acquiring 13-17 Coney Street, York. The property occupies a prime position on Coney Street in the heart of this historic City and is let to Waterstones Booksellers, 3 Store and Rituals Cosmetics. The acquisition at £7.6 mill showed an initial yield of 5.4%.
Category: General, Shopping Centres, Latest Deals,
‘Bubbleology, the Bubble Tea market leader, has now opened to great acclaim in Leeds Trinity. New additional units in Meadowhall, Ealing Shopping Centre and Milton Keynes will join well established units in Soho, Oxford Circus, Harvey Nichols in Knightsbridge and Bluewater. Fawley Watson Boooth are retained for shopping centres nationally and seeking London sites in zones 2 – 6 to expand throughout the country in all area of major foorfall.’
Category: Latest Deals, Shopping Centres, General,
Yours Clothing acquisition of Unit 12, The Bridges Shopping Centre, Sunderland completes a run of new lettings including deals with Roman, eVapor, Swarovski, and Select for Fawley Watson Booth’s clients AEW.
Category: Shopping Centres, General, Latest Deals,
Another successful 12 months letting activity at Leeds Corn Exchange by Fawley Watson Booth has seen 12 new lettings to tenants including West Yorkshire Cameras, Kate Worthington, Beadhive, Frank Taylor and Little Leeds Limited.
Category: Latest Deals, Shopping Centres, General,
Pandora and C & J Clarks have completed relocations to larger premises within The Lanes Shopping Centre, Carlisle joining recent lettings to International Watches, Paperchase, American Candy and Euro Change.Fawley Watson Booth act on behalf of Shopping Centre owners F & C Reit.